Of five sites in Miami-Dade submitted in a regional bid, three are in or near Overtown, Miami Mayor Francis Suarez told The Real Deal. Real estate investor Mitchell Newman owns one site; Michael Simkins owns the other – the Miami Innovation District property in Park West; and the third is the mixed-use Miami Worldcenter project site,…
Sunny Isles Beach-based Dezer Development bought a shopping mall in Orlando that closed last year and plans to redevelop it as an entertainment complex. The Orlando Sentinel also reported that Dezer Development paid $23.7 million for the 104-acre Artegon Marketplace at the southeast corner of West Oak Ridge Road and North International Drive. The seller was New…
The 18,000-acre town unfolding northeast of Fort Myers will run on solar power from a 440-acre field of photovoltaic panels Residents this month started to move into newly built houses at Babcock Ranch, a solar-powered town unfolding northeast of Fort Myers. Spanning 18,000 acres, Babcock Ranch is expected to have 19,500 homes and a population…
The developers plan to turn the property at 7880 Biscayne Blvd. into mixed-use development with hotel rooms, apartments and commercial space. Developers planning to redevelop a former home of the U.S. Immigration and Naturalization Service (INS) in Miami borrowed $26 million to finance the project. Three entities managed by Ye Zhang — Florida Fullview Immigration Building,…
Jeffrey Soffer, whose family property portfolio includes Aventura Mall and the Fontainebleau Resort in Miami Beach, is negotiating to acquire the Mardi Gras Casino and Race Track in Hallandale Beach. But Soffer dismissed the possibility of transferring the Mardi Gras property’s casino license to the Fontainebleau, even though the Soffer family has wanted to bring…
Property records show Caine and his wife Shakira sold unit 701 at Apogee, at 800 South Pointe Drive, to Apogee 701 LLC, a company controlled by Heidner Law of New York. The Caines sold the 4,154-square-foot unit for $7.45 million, or nearly $1,800 per square foot. The Oscar-winning actor, known for his roles in “Alfie,